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Author Topic: Decentralized or Centralized Trading?  (Read 317 times)
blueteam09
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September 26, 2019, 10:58:29 PM
 #21

I like decentralised transactions because you don't need to identify through Private - keys you can buy - sell on decentralised exchanges like IDEX, ETherdelta, ForDelta.
Centralised exchanges always set limits on accounts not through KYC, and this I don't feel happy. I prefer decentralised exchanges over Centralized exchanges.

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September 26, 2019, 11:16:18 PM
 #22

I like the concept but Decentralized exchanges are not ready yet, they lack volume and friendly interface, plus you can't do active trading and your orders wont get fill easily, For these reasons, I still use centralized exchanges as main platform to do my active trading, The only case when I use decentralized exchange is to get some tokens that are not available on big platforms.
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September 27, 2019, 05:06:15 AM
 #23

I have experienced a lot in trading Exchanges. While I have seen some steps.

There are some disadvantages of Centralized exchange.
- 1: We can't say that the real amount of BTC or USD is real or not we can't even say in Binance that the traffic and volume are legit or not.
- 2: The authority of all transactions is in the hand of Admins (Means they can easily lock our account if we have more value in our account. We have seen a lot of cases like that.

In that case, I prefer to go for Decentralized Exchanges. Because everything is in our hands even the transaction and we can see the real amount of traffic and real volume so I guess Decentralized is much better.

But I am facing one more issue there are no features. I have seen one project MeterQubes they are providing more services and features in Decentralized Exchange. So I guess this is the right time for Decentralized Exchanges to take a position in a market.

Here is the video of MeterQubes. I would like to know a suggestion about the community what they are saying about it?
Here is the video: https://www.youtube.com/watch?v=pZpW__JOM0Y

In the first place, decentralized exchange was really good and better rather than centralized exchange.
But ever since, centralized based platform are most often listed at the top exchange in terms of top best exchange at the coinmarketcap.
I never see any DEX that has been part of the top 10 exchange in the market. And I don't know why?
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September 27, 2019, 08:15:27 AM
 #24

if it was me, I would still choose centralized trading. because there, there are big exchanges like Binance, Huobi, Okex always have stoploss function. That's the function I need most in exchanges, I'm not too concerned about fees, the security of my assets is the best.
Therefore, I never choose to trade in decentralized transactions, it's too complicated and dangerous!
All the decentralized exchange that we are talking, is it still not built by people, and it is what they want that will be programmed there. We had the dex of binance already, the dex did not just come, but binance built it and presented to the public. Whatever feature that you see in centralized may still be seen too on decentralized exchanges, so I would really not want to know the total difference between the two of them.

What I will be more concerned about is the one that can give me volume because without volume, one will just be stagnant on transaction for a very long time. This is the challenge that we mostly have with so many dex exchanges, they tend not to get volume because people prefer to just use centralized exchange alone because of their believe that a dex exchange cannot provide maximum security like cex would.

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September 27, 2019, 01:37:17 PM
 #25

Both of it i think not a problem for me. Although natural of crypto is decentralized, there are a lot of exchanges which already appear. And we can't resist if we always use that kind of exchanges before DEX (Decentralized Exchange) come. That is why i am for now actually no problem with Decentralized or Centralized Trading because people will stay to use it.

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September 27, 2019, 02:54:50 PM
 #26

I like decentralised transactions because you don't need to identify through Private - keys you can buy - sell on decentralised exchanges like IDEX, ETherdelta, ForDelta.
Centralised exchanges always set limits on accounts not through KYC, and this I don't feel happy. I prefer decentralised exchanges over Centralized exchanges.
Decentralized exchange is a new trend this year and you can absolutely choose to invest safely in this market. I think IDEX exchange is currently the best exchange for you to do so since this is the decentralized exchange with the most stable trading volume at the moment.

Also you can choose the big projects proposed by Binance Dex as this is a CZ-supported exchange and you can feel safe here.

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September 27, 2019, 08:07:45 PM
 #27

I will go with centralized exchange because they've got lots of volume as compared to decentralized exchange,  another  reason being that account can be recover if password is lost, but when you lost your private key that you used for decentralized exchange that wallet is totally gone entirely

The issue of kyc ain't a big deal for centralized exchange, some decentralized exchange are now even requesting for kyc,  so centralize exchange all the way for me
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September 28, 2019, 01:41:19 AM
 #28

I will go with centralized exchange because they've got lots of volume as compared to decentralized exchange,  another  reason being that account can be recover if password is lost, but when you lost your private key that you used for decentralized exchange that wallet is totally gone entirely

The issue of kyc ain't a big deal for centralized exchange, some decentralized exchange are now even requesting for kyc,  so centralize exchange all the way for me
Your assumption is perfectly good to survive in trading platform. Because all the Top exchanges are available in Centralized exchanges, example Bittrex, Binance and etc. The current economy everyone accepting the KYC Exchanges at the same time some peoples are selling illegal so both are survive in top level. I think day by day security futures are updated in Decentralized exchanges so upcoming years everyone stay in Centralized exchanges.

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September 28, 2019, 02:21:13 AM
 #29

I will go with centralized exchange because they've got lots of volume as compared to decentralized exchange,  another  reason being that account can be recover if password is lost, but when you lost your private key that you used for decentralized exchange that wallet is totally gone entirely

The issue of kyc ain't a big deal for centralized exchange, some decentralized exchange are now even requesting for kyc,  so centralize exchange all the way for me
If you choose a good exchange, security is not the reason you are worried because large exchanges always force customers to install 2FA to protect assets in the safest way. This market is an attractive destination for many hackers, so you need to be more careful. I had a case of being logged in from a strange address but I installed 2FA and avoided losing money at that exchange.
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September 28, 2019, 02:47:20 AM
 #30

Decentralized or centralized trading depends on you and your investment needs. But for me i prefer centralized because decentralization usually has slower trade execution than centralized exchange and comes with lower liquidity. Therefore, in my opinion decentralization is not ideal for active traders.
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September 28, 2019, 03:44:03 AM
 #31

We all know decentralized exchanges are better, our assets are safe here, therefore, decentralization is the nature of crypto but look at the centralized exchanges! All exchanges have a higher volume than the best-decentralized exchange! I thought Allbit decentralized exchange will do better, but without a good number of traders, this exchange has down incredibly! The bitter truth is, centralized exchanges are future, decentralized exchanges will never take a high place in the crypto market!

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